It is an arrangement with your legal representative whereby if your claim is unsuccessful, we will not ask you to pay for our services.
If you win, we recover most of our costs such as our basic fees from the opponent. However, we will also charge you a ‘success fee’ due to the risk we take at the outset of your claim, such risk being that we have agreed to deal with a claim which has a chance of failing, thereby resulting in us recovering none of our basic fees in the event of a failed case.
If you win your case, the success fee is capped at a maximum of 40% in road traffic accident cases and 25% in work accidents and slips, trips and falls cases. The deduction is made from the compensation awarded for personal injury and past losses (not future losses). In addition, if an ‘after the event’ insurance policy has been taken out, the premium for the policy will be deducted from the compensation at the end of the claim. There may be other deductions which will be fully explained when you enter the agreement with us.
We will only act for you on a no win no fee basis if we believe the prospects of succeeding in your case are reasonable. We will usually be unable to act on a no win no fee basis if we feel your prospects of success are limited. Of course, we cannot guarantee success in your claim. However, if your claim is unsuccessful we will not charge you for our basic fees as per the no win no fee agreement.
